Westlake Chemical Partners insider purchase: 11,803 units by CEO
Rhea-AI Filing Summary
Jean-Marc Gilson, President and CEO and a director of Westlake Chemical Partners LP (WLKP), reported an open-market purchase of 11,803.485 common units on 08/27/2025 at a price of $21.25 per unit, increasing his beneficial ownership to 11,803.485 units. The Form 4 was signed by proxy (J. Feng) on 08/29/2025. The filing identifies the reporting person as both an officer (President and CEO) and a director and indicates the form was filed by one reporting person.
Positive
- Insider purchase disclosed: 11,803.485 common units acquired
- Transaction details provided: purchase date 08/27/2025 and price $21.25 per unit
- Reporting person role: Jean-Marc Gilson identified as President and CEO and a director
- Form executed by POA: signature by J. Feng dated 08/29/2025
Negative
- None.
Insights
Insider purchase of 11,803.485 units by the CEO/director — a straightforward, non-derivative acquisition.
The Form 4 documents a single non-derivative purchase (transaction code P) of 11,803.485 common units at $21.25 each on 08/27/2025, reported for Jean-Marc Gilson. This is a clear disclosure of insider accumulation but the filing does not provide context on total outstanding units or percentage ownership, so the market impact cannot be determined from this form alone.
Director and CEO reported a clean, routine open-market purchase reported by proxy.
The filing shows proper Section 16 reporting for an officer/director purchase, signed by POA J. Feng on 08/29/2025. The disclosure follows required Form 4 structure and lists ownership as direct. No amendments or derivatives are reported. The filing contains no indications of related-party transactions or plan-based trades.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Units | 95.29 | $21.25 | $2K |
AI-generated analysis. How Rhea-AI works. Not financial advice.